Can anyone advise if the following is a criminal offence and if not why not?
A person pays for goods received (A Credit account was not in operation) by cheque while in the full knowlege that there are no funds in the bank account to back it up. The cheque bounces, a new account is opened in a different bank and a new cheque book obtained with no funds of substance lodged. A new cheque is issued to replace the previous one and this one bounces also.
Does the bank bear any responsibility to others who are now at the mercy of this irresponsible person who armed with a cheque book goes out and obtains goods while paying for them with worthless pieces of paper?
Thanks in advance for any assistance.
A person pays for goods received (A Credit account was not in operation) by cheque while in the full knowlege that there are no funds in the bank account to back it up. The cheque bounces, a new account is opened in a different bank and a new cheque book obtained with no funds of substance lodged. A new cheque is issued to replace the previous one and this one bounces also.
Does the bank bear any responsibility to others who are now at the mercy of this irresponsible person who armed with a cheque book goes out and obtains goods while paying for them with worthless pieces of paper?
Thanks in advance for any assistance.